Debt consolidation
Consolidation Loans
Combine qualifying credit obligations into one structured monthly repayment.
Product overview
Standard applications from R10,000 to R500,000.
LENDTEL presents this product at a fixed annual interest rate of 6%. The approved amount and repayment period depend on identity, income, affordability, supporting documents and final approval.
Common uses
- Qualifying credit-card balances
- Selected personal loans
- Retail or revolving credit
- Multiple monthly obligations
- Approved settlement balances
Need more than R500,000? Selected special requests up to R2,000,000 may be considered. Contact LENDTEL for enhanced requirements.
Common application requirements
- Identification and proof of address
- Proof of income
- Recent bank statements
- Current settlement letters
- Affordability and credit documentation
Additional documents may be requested based on the selected product and application circumstances.
Representative repayment illustration
| Loan amount | R100,000 |
| Interest rate | 6% per annum |
| Repayment period | 60 months |
| Estimated monthly instalment | R1,933.28 |
| Estimated total repayment | R115,996.81 |
| Estimated total interest | R15,996.81 |
Reducing-balance illustration based on the displayed loan amount, 6% annual interest rate and selected repayment period. It is an estimate and not a quotation or approval.
Important conditions: Same-day processing applies to complete applications. Same-day payout is available only after approval, signed agreements, successful verification and completion before applicable banking cut-off times. Neither approval nor payout is guaranteed.